OLYMPIA, Wash. (AP) — Washington state Insurance Commissioner Mike Kreidler has adopted a rule prohibiting insurers from using credit scoring to set rates for auto, homeowner and renter insurance for three years after the end of pandemic-related federal and state emergency declarations on the issue, whichever is longer. The rule was announced Tuesday and takes effect March 4. It comes nearly a year after Kreidler issued an emergency rule prohibiting the practice that was later struck down by a court. Kreidler said he’s also proposing a new rule that would require insurers to provide policyholders with a written explanation for any premium change.
Washington insurance commissioner adopts credit scoring ban
